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qwelly [4]
3 years ago
5

Why do all societies face the problem of scarcity

History
2 answers:
ohaa [14]3 years ago
8 0

Scarcity is a problem for all societies because there is a limited number of resources in the world. Along with limited resources, there is also a limit on the number of workers a company can have, how many products a company can produce, etc.  All of these factors help us to understand why there is a limited amount of resources in our society.

Corporations understand this concept and make calculated decisions regarding their businesses based on this premise. Corporations will make decisions that they feel will best benefit them and the consumer.

Dmitry_Shevchenko [17]3 years ago
7 0
All societies face the problem of scarcity, it refers to the basic economic problem, because it is the condition facing all societies because there are not enough productive resources to satisfy people's unlimited wants. Economics examines how people use their scarce resources to satisfy their unlimited wants. 
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